Skip to main content

About your Search

20121129
20121207
Search Results 0 to 6 of about 7 (some duplicates have been removed)
proposal. but that's just one part of the fiscal cliff debate. the other side of this, the massive spending cuts that have now educators ringing the alarm. they warn of increased class sizes, the elimination of after-school and summer school programs, libraries could close, all this as the u.s. tries to close an achievement gap. joining me now to continue our education nation conversation, world-renowned educator dr. steve perry, also host of tv one's "save my son." steve, it's great to have you here. the secretary of education, arne duncan, has said that 9 million students would be affected by the cuts including nearly 2 million that are already living in this country in poverty. when we talk about special education needs for the kids of our country, we're essentially about to take away resources from the students that need it most. however, we're not talking enough about that. >> one of the reasons why there's even a conversation about cuts is not so much because there's less money coming in, it's because of so much money going out. where we spend the most amount of money in education is
. >> no spending cuts in that? >> if -- >> you got to -- >> just to go over the fiscal cliff, you will go back and -- republicans right there would see $750 billion raised every we are. suddenly these -- these clinton tax -- bush tax cuts are so dear under -- for the 98% of the democrats i have never seen anything like it. never seen anyone love the bush tax cuts so much. more than the democrats. first 98% p they hated them all along and now they love them except the 2%. >> they are not going put one thing on the table unless they get the other, both sides. i don't see them just surrendering to tax cuts on the one hand without any expend organize vice versa. >> do you think there would be any growth, anything positive, from going over the fiscal cliff that would ameliorate the damage? >> it depends on what -- the deficit. >> if you -- depends what the alternative is. alternative is what was proposed yesterday, i would go over the cliff and take -- >> so would all the people on the left. >> but on the other hand, i hope that there can be -- >> 50/50? where are we? >> 50/50, yes. >> you don't th
of the fiscal cliff negotiations. the mortgage interest deduction. government spending on this will reach $100 million by 2014, making it the third largest tax break on the books. who does it help? 41 million people. the most recent irs data showed that 41 million people claimed this deduction on their 2010 tax returns. the tax policy center says it tends to benefit upper middle class families the most. these bars show income in the circles the average savings. for those with incomes of less than $40,000 a year, their savings is $91, look at the people who make $250,000 and more. their average savings is about $5500. this benefits people most on both coasts and cities like chicago, with higher property prices, and we watch the fiscal cliff negotiations closely for what could happen next to this tax goody next year. >> here's the question i'm hearing people ask, if we go off the cliff here, how big a hit will we take on taxs? stand by, because i'm about to give you the closest answer i possibly can. to help me with that is laurie montgomery, she is the fiscal policy reporter for the washington
of the ceos in the room with president obama this week in the fiscal cliff meetings. many of the executives saying that the white house sounded resounding resoundingly reasonable when describing plans to address the debt and deficit. >> so was this proposal the white house made yesterday with more spending and very few spending cuts, was that what mr. sorenson was expecting out of the gate? he joins us on the telephone with his thoughts. good to have you with us. >> glad to be with you. >> when you were with the other ceos at the white house, does it jive with what we're hearing about that made mitch mcconnell laugh yesterday? are those two plans one in the same? >> well, i'm hopeful that what's happening in the media is posturing by both parties and doesn't reflect where either party thinks a deal will end up. i think what the president talked with us about on wednesday afternoon was much more a sense of where things ought to end up, and that was, i think, somewhat different than it sounds like what was proposed. >> so you didn't hear about the tax increase for the wealthiest, the spending
. you can't do that in three weeks. >> so do you think we go off the fiscal cliff? >> no. all you've got to do -- you know what you've got to do on the tax side. that's simple. you have to palass a law that ss the law has to be overwritten. >> and what would be your position on that? >> i think it's the simple thing to do. obviously do what the president is saying, you know. he ran a campaign on it. the legitimacy of that. if you've got to act in three weeks, you're not going to revise the income tax code in three weeks. it may be perfectly legitimate. i think that both. personal and corporate need a lot of thought and a lot of revision. they're both broken. but you're not going to do that in three weeks. the challenge i see is in three weeks you've got to have some convincing balance of the tax side, the revenue side, with the expenditure side. it's inherent. you can't change the expenditures in three weeks. you can indicate intentions, but you can't -- >> what do you think happens then? >> i think you get some understanding about the kind of framework for dealing with the expenditure s
newsroom, i'm ali velshi. this is "your money." i'm going to tell you what others won't about the fiscal cliff. the head of starbucks said it will damage the u.s.'s reputation and shenanigans from capitol hill and with a cool 500 bucks to spend, should you use them now for a share in apple? apple says it will build some of the iconic mac computers in the u.s. listen to what apple ceo tim cook said to nbc's brian williams. >> so we've been working for years on doing more and more in the united states. next year, we will do one of our existing mac lines in the united states. >> but apple stock has been singing the blues for a few months. plummeted 25% off the all-high and a beating this week. 6.5% lower yesterday. apple up more than a percent today. kurndly around $544 a share. is now a good time to get in. you're all asking me. i'm asking katie stockton in connecticut. katie, is apple stock down off its high a phenomenally successful stock to hold for so many investors and showing the chart again. you look at technical trading patterns in the stock. do they tell you it's time to buy, sell
Search Results 0 to 6 of about 7 (some duplicates have been removed)